%
years
$ over payments

* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.

Durham , NH

$775,000 | 5 Units | 9210 Sq. Ft. | MLS# 4118031

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Listed by: Deyeso, Christina/BHG Masiello Hampton

PRIME DURHAM LOCATION & RARE INVESTMENT/DEVELOPMENT OPPORTUNITY! 9210 SQ. FT. BUILDING W/16 RESIDENT STUDENTS. $113,560 ANNUAL INCOME for 2013. Minutes to UNH. Consistent 100% occupancy rates. 5 level acres of desirable Durham land & bldg. Approvals in place for an additional 24 residents. LAND PRICED @ $200K for 2+ Acres for development. Solid cash flow and expansion potential. An estimated GAI of $162,700 is projected to be added to existing income upon completion of expanded housing. Partial Seller Financing to qualified buyers. Well maintained and managed.

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Features

Cable Internet, Smoke Det-Hardwired Garden Space

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Multi-Family

Total Units: 5

Year Built: 1850

Square Feet: 9210

Gross Annual Income: $101,220

Lot Size: 5.00 Acres

Annual Operating Expenses: $35,310

Zoning: RES

Unit Information

  Unit 1 Unit 2 Unit 3 Unit 4 Unit 5 Unit 6 Unit 7 Unit 8
Bedrooms 2 2 4 2 3
Bathrooms 1 1 1 1 1
Rent $1130 $1130 $1575 $2100        

Expenses $35,310

Insurance Expense: $3,980

Heat Expense: $8,381

Trash Expenses: $4,196

Utilities Expense: $1,131

Property Taxes: $15,757

Property Description

Number Of Garage Spaces: 10

Road Frontage: 0.00 FT

Flood Zone: N

Surveyed: Y

Seasonal Property: N

Construction Masonry,Wood Frame

Electric 200 Amp,Circuit Breaker

Exterior Clapboard

Financing Commercial,Possible Owner

Foundation Granite

Heat Fuel Oil,Other

Baseboard,Radiators

Operating Expenses $0

Posession Tenant Rights

Rent Includes Landscaping,Recreational,Snow Removal,Trash

Roads Public

Roof Shingle-Asphalt,Shingle-Architectural

Sewer 1500+ Gallon

Style Other

Trash Owner

Unit Information Cook Top-Electric,Mudroom,Oil Heat,Range-Electric,Water Heater

Water Drilled Well,Private

Water Heater Domestic

Garage Parking 5-10 Spaces

Driveway Circular, Paved

Basement Bulkhead, Interior Stairs, No Tenant Access, Sump Pump

Documents Available Deed, Plot Plan, Property Disclosure

Floors Hardwood

Lot Description Country Setting, Abuts Conservation, Fields, Near Bus/Shuttle, Wooded

Schools

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Broker Reciprocity NNEREN

Copyright 2012 Northern New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NNEREN. Subject to errors, omissions, prior sale, change or withdrawal without notice. This web site is updated daily.

 

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